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skilo (OP)
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March 10, 2014, 04:58:09 PM |
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It seems the USD buys less and less each day, I wonder how other currencies are going compaired to USD.
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"Bitcoin: the cutting edge of begging technology." -- Giraffe.BTC
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protokol
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March 10, 2014, 05:41:48 PM |
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The Swiss franc is pretty strong, compared to most other currencies atm, as it's purchasing power is pretty stable against the other big currencies.
Someone I know works for a financial firm in Zurich, and he's very happy to be paid in CHF.
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keithers
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This is the land of wolves now & you're not a wolf
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March 10, 2014, 06:13:35 PM |
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Yeah it's definitely not the USD
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aminorex
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Sine secretum non libertas
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March 10, 2014, 06:58:49 PM |
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The Swiss franc is pretty strong, compared to most other currencies atm, as it's purchasing power is pretty stable against the other big currencies.
Someone I know works for a financial firm in Zurich, and he's very happy to be paid in CHF.
It is tied to the Euro now. Central bank policy. CHF strength is history. |
Give a man a fish and he eats for a day. Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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drsnuggles
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March 10, 2014, 07:41:06 PM |
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If you define "strong fiat" by: a low public, external, private and commerial debt, you'll end up with a "third-world" looking list. If you define "strong fiat" by: used by a lot of people, it will be the USD. Obviously, both methods fail. We might consider a fiat currency as strong if it has a stable percentage of money growth, which ideally should be 0. |
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E.exchanger
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March 10, 2014, 09:21:30 PM |
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EURO is the most strongest currency i would and if you are asking about the worth in conversion then its kuwati riyal( correct me if iam wrong) which cost somewhat around 3.55usd per riyal.  |
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skilo (OP)
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March 10, 2014, 11:12:26 PM |
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If you define "strong fiat" by: a low public, external, private and commerial debt, you'll end up with a "third-world" looking list. If you define "strong fiat" by: used by a lot of people, it will be the USD. Obviously, both methods fail. We might consider a fiat currency as strong if it has a stable percentage of money growth, which ideally should be 0. I mean as far as purchasing power goes, If you wanted to cash out some Bitcoin what would be the best currency to cash out in? |
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aminorex
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Sine secretum non libertas
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March 10, 2014, 11:21:40 PM |
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Yuan
PBOC is inflating it massively. Declining even against USD now. Any currency managed by a central bank tends to zero. All the currencies are now managed by central banks. They will all go to zero. If you want to save via currency markets, save by capitalizing a swap with positive carry. |
Give a man a fish and he eats for a day. Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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skilo (OP)
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March 10, 2014, 11:23:32 PM |
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Yuan
PBOC is inflating it massively. Declining even against USD now. Any currency managed by a central bank tends to zero. All the currencies are now managed by central banks. They will all go to zero. If you want to save via currency markets, save by capitalizing a swap with positive carry. Or just put all of your money into Bitcoin? |
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joshua3m
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March 10, 2014, 11:40:19 PM |
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as probably every currency can be manipulated by Rothschild family then there isn't any which can be the strongest one...
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Bit_Happy
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A Great Time to Start Something!
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March 11, 2014, 03:38:16 AM |
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The Swiss franc is currently pegged to the Euro, but if things get really bad/worse in Greece again it will be interesting to keep an eye on how the EU tries to keep it all together.
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byronbb
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HODL OR DIE
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March 11, 2014, 03:41:14 AM |
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ning
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March 11, 2014, 04:20:39 AM |
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If you define "strong fiat" by: a low public, external, private and commerial debt, you'll end up with a "third-world" looking list. If you define "strong fiat" by: used by a lot of people, it will be the USD. Obviously, both methods fail. We might consider a fiat currency as strong if it has a stable percentage of money growth, which ideally should be 0. I mean as far as purchasing power goes, If you wanted to cash out some Bitcoin what would be the best currency to cash out in? Fiat currencies are meant/designed to be inflated and spent, so you might just want to cash out in whatever currency that is accepted locally, because you are going to spend it  |
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Bit_Happy
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A Great Time to Start Something!
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March 11, 2014, 04:23:19 AM |
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The Norwegian krone set another record last year in terms of sheer strength, compared to other foreign currencies. That makes Norway even more expensive than normal for visitors from abroad and poses problems for Norwegian exporters, while Norwegian residents themselves can save thousands on overseas shopping trips and holidays. Thanks for the link. Is Norway 'uber-socialist' like Sweden? |
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F-bernanke
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March 11, 2014, 05:40:17 AM |
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The Norwegian krone set another record last year in terms of sheer strength, compared to other foreign currencies. That makes Norway even more expensive than normal for visitors from abroad and poses problems for Norwegian exporters, while Norwegian residents themselves can save thousands on overseas shopping trips and holidays. Thanks for the link. Is Norway 'uber-socialist' like Sweden? Yes, they are bat shit insane, but they have lots of natural resources. |
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Lethn
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March 11, 2014, 09:56:44 AM |
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No paper money will survive the current hyperinflation, you might have government surviving it if they have a budget surplus and they manage things well but otherwise things are going to go to hell for most people.
+1 for Norway, just about any government with natural resources at its disposal and a budget surplus will have a strong currency, but paper money itself is going to vanish, I think you could also add Russia to the list as well for that reason but fiat currencies in general are being propped up, as quite a few people have said on this forum, they've been propped up with guns.
China is still doing well and knows how to manage an economy but again, paper money is going to fail them, especially since they've bought up so many U.S bonds.
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BitOnyx
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Cryptocurrencies Exchange
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March 11, 2014, 10:06:45 AM |
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Euro as always, even if it fall, there is many banks that want it high and nice, much more then USD.
CHF is down for very long time now.
Krone is interesting. I never even took a look on it, but for sure it should stay stable.
Yuan is yuan, too heavily controlled by state. Even citizens of issuing state don't want to use it.
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Nerazzura
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March 11, 2014, 01:18:37 PM |
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is that GBP?
sounds very expensive to buy it
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protokol
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March 11, 2014, 02:05:57 PM |
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The Swiss franc is pretty strong, compared to most other currencies atm, as it's purchasing power is pretty stable against the other big currencies.
Someone I know works for a financial firm in Zurich, and he's very happy to be paid in CHF.
It is tied to the Euro now. Central bank policy. CHF strength is history. Interesting, I wasn't aware of this. Thanks for the info. |
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